Dec 4, 2012 8:00pm EST
decide what you're going to do now i once those taxes go up. and then when january 2nd come up, you get a committee together, and you solve the problem. i mean, how is that going to affect everyone when it comes to taxes? is it going to be the same, or will it be different? i mean, do we have to do it early? can we do it in january? >> guest: well, i would argue that there are two pieces to the fiscal cliff in that you have to do amt this year, and you -- because unless you really intend people to pay that additional tax. it would be very hard in the middle of the tax filing system to reverse that decision. now, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in
Dec 5, 2012 8:00pm EST
tax cuts, in the white house, they called biden the mcconnell whisperer, and the horse whisperer, and the way, one for you, one for me, and that's the way you make a deal. >> this moment, look to you we have a deal by christmas eve, new year's eve or over the cliff? >> who knows. somebody who thinks they know is only guessing. maybe there's a strategy in the white house, you know, by a certain date they'll work it out. >> play book, we always start the morning with the papers. we still love the print papers, assistant of the washington post, which, this morning, says fiscal warning yet to phase wall street. the stock markets are convinced that the fiscal drama is going to work out. the financial times has the opposite headline. they say wall street anxiety grows so which of these is more true? >> you know, -- [laughter] on wall street, they live in a zone of peaceful coexistence of optimism and pessimism. you can talk to somebody in the investment world in wall street, and in the morning, they are optimistic, and in the afternoon, they are pessimistic. i think one, you know, don'
Dec 7, 2012 8:00pm EST
of your talk about fix the budget. aside from all of us being willing to pay more taxes or having to pay more taxes and staying in shape, i would like you to expand on the idea of what individuals can do to be personally responsible to fix the data. >> well, there's a short-term aspect in a long-term aspect. in the short term, you know, we're going to have to fix it because we postpone this so long and it's going to be a blend of taxes and entitlement changes. for the individual today probably speak their voice. that's the best thing we can do today. they truly believe we have to speak her voice because if we don't come at some point in time this will come on down on us as a country and have worse consequences. in the long run, for us to be affect it would have to get over the entitlement program. that doesn't mean we take impediments away from people appear to make it much more productive. our goal is an organization is to take the responsibility on by lowering the cost of health care and innovative ways that pushes risk from one organization to another, which is what insurance companie